What is Compound Interest Calculator?
A compound interest calculator is a free online tool that helps you calculate the future value of your investment based on the principal amount, interest rate, time period, and compounding frequency.
Compound interest is often called "interest on interest" because it calculates interest on both the initial principal and the accumulated interest from previous periods.
Compound Interest Formula
A = P(1 + r/n)^(nt)
- A = Future value
- P = Principal (initial investment)
- r = Annual interest rate (decimal)
- n = Compounding frequency per year
- t = Time in years
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- โ Completely free - No hidden charges
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